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 8  AN ACT relating to income taxation; concerning the definition of state
 9    for tax paid credit purposes; amending K.S.A. 79-32,111 and repealing
10    the existing section.
11
12  Be it enacted by the Legislature of the State of Kansas:
13    Section 1.  K.S.A. 79-32,111 is hereby amended to read as follows:
14  79-32,111. (a) The amount of income tax paid to another state by a res-
15  ident individual, resident estate or resident trust on income derived from
16  sources in another state shall be allowed as a credit against the tax com-
17  puted under the provisions of this act. Such credit shall not be greater in
18  proportion to the tax computed under this act than the adjusted gross
19  income for such year derived in another state while such taxpayer is a
20  resident of this state is to the total Kansas adjusted gross income of the
21  taxpayer. As used in this subsection, state shall have the meaning ascribed
22  thereto by subsection (h) of K.S.A. 79-3271, and amendments thereto.
23    (b)  There shall be allowed as a credit against the tax computed under
24  the provisions of the Kansas income tax act, and acts amendatory thereof
25  and supplemental thereto, on the Kansas taxable income of an individual,
26  corporation or fiduciary the amount determined under the provisions of
27  K.S.A. 79-32,153 to 79-32,158, and amendments thereto.
28    New Sec. 2.  The provisions of this act shall be applicable to all tax-
29  able years commencing after December 31, 1996.
30    Sec. 3.  K.S.A. 79-32,111 is hereby repealed.
31    Sec. 4.  This act shall take effect and be in force from and after its
32  publication in the statute book.